Listing photo for 602 S Philadelphia Blvd, ABERDEEN, MD
Listing photo for 602 S Philadelphia Blvd, ABERDEEN, MD
Listing photo for 602 S Philadelphia Blvd, ABERDEEN, MD
Listing photo for 602 S Philadelphia Blvd, ABERDEEN, MD
Listing photo for 602 S Philadelphia Blvd, ABERDEEN, MD
Listing photo for 602 S Philadelphia Blvd, ABERDEEN, MD
Listing photo for 602 S Philadelphia Blvd, ABERDEEN, MD
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602 S Philadelphia Blvd,

ABERDEEN, MD

$1,950,000

2,940 Sqft
1.04 Acres

The Feazell Commercial Group is pleased to present for sale a 7-Eleven gas and convenience store located in Aberdeen, MD just 30 miles North of Baltimore City. Built in 1999, the property consists of a freestanding building with a Gross Leasable Area (GLA) of 2,960 square feet and a gas station with six gas pumps, situated on a 1.04-acre lot. 7-Eleven is on a corporately guaranteed, Triple-Net (NNN) ground lease (no landlord responsibilities) with 5.1 years remaining in their first renewal option (April 2024 expiration) and four more remaining, five-year extension options. Cap rate is 5.38%. The lease calls for 15% increases every five years, including the option periods which is very rare. The lease is guaranteed by 7-Eleven, Inc., the world~s leading convenience store with an S&P credit rating of AA- and a Moody~s credit rating of Baa1. Exercising of the first renewal option shows commitment to the site. The City of Aberdeen has passed an ordinance against building any new gas station facilities in the City on Philadelphia Blvd. (Rt 40) so there is very limited competition to this site. Aberdeen as a city is the largest employer in Harford County MD. This 7-Eleven gas and convenience store is located at the intersection of South Philadelphia Blvd and James St and has an average daily traffic count of 34,000+ vehicles per day. The property is in an area with a population of over 45,600 people living within a five-mile radius. Major retail tenants and points of interest in close proximity include: McDonald~s, Lidl, Precision Tune, Walmart, Wawa, Royal Farms, Autozone, and Dominos Pizza. The property~s corporate guarantee and strategic location make this 7-Eleven an attractive investment opportunity.

Facts & Features
MLS® # MDHR238730
Price $1,950,000
Bathrooms 0.00
Square Footage 2,940
Acres 1.04
Year Built 1999
Type Commercial Sale
Sub-Type Retail
Status Active
Community Information
Address 602 S Philadelphia Blvd
City ABERDEEN
County HARFORD-MD
State MD
Zip Code 21001
Amenities
Is Waterfront No
Interior
Heating Other
Cooling Other
Has Basement No
Fireplace No
School Information
District HARFORD COUNTY PUBLIC SCHOOLS
Additional Information
Date Listed September 13th, 2019
Days on Market 36
Zoning B3
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Office Garceau Realty
Photo of Jennifer Mosser

Jennifer Mosser

Office: 703-430-9008
Cell: 571-210-2210

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Listing information last updated on October 18th, 2019 at 10:31am EDT.

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